For all the announcements of deals they made, their latest quarterly revenue was a paltry $155,000 and below the previous quarter of $225,000, does that sound like a growth stock with growing volume. Perhaps growing volume at miniscule $/vol giving low revenues.
YOJ cant even break $1m annualised revenue and trading at $123m market cap, market cap/revenue ratio of 123x , super expensive!
Market participants are just looking at the sp and thinking it is still cheap without looking at details.
This company have made so many announcements on deals, but nothing to show for. Just like BUD but at least BUD is picking up on revenue.
Good companies do not need to announce any BAU business signings unless material. YOJ hasnt got numbers and have to resort to this announcement play.
The Company's attention to detail across all aspects of its financial performance saw a significant closing of the gap between cash receipts and operating costs with adjustments and reductions in spend for the quarter. This led to net operating costs of -AU$777k1 for the quarter, a 42% reduction compared to the prior quarter due to the impacts of deferred revenue recognition.
On top of this achievement, the team was able to implement its subscription-based SaaS logistics platform and go-live in the Philippines while optimising the technology platform's performance delivering almost 200,000 transactions with almost no additional cloud hosting fees incurred. This highlights the company's cost of scaling ratio efficiencies.
Revenues from Ordinary Activities for the June ended quarter, Q4 FY2020, was AU$115k1 , down from the prior quarter of AU$225k.
YOJ Price at posting:
17.5¢ Sentiment: Sell Disclosure: Not Held
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